DRDGOLD (NYSE:DRD) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of DRDGOLD (NYSE:DRD) from a hold rating to a buy rating in a research report sent to investors on Friday.

Separately, HC Wainwright cut their target price on DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research report on Wednesday, February 19th.

DRDGOLD Stock Down 1.5 %

Shares of NYSE:DRD opened at $13.93 on Friday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 11.06 and a beta of 1.09. DRDGOLD has a 12-month low of $7.53 and a 12-month high of $14.24. The business’s 50 day moving average is $10.72 and its 200 day moving average is $10.08.

DRDGOLD Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be given a $0.1628 dividend. The ex-dividend date is Friday, March 14th. This represents a yield of 1.8%. DRDGOLD’s dividend payout ratio is currently 19.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aquatic Capital Management LLC purchased a new position in DRDGOLD in the fourth quarter worth $25,000. GAMMA Investing LLC boosted its position in DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,122 shares during the last quarter. QRG Capital Management Inc. purchased a new position in DRDGOLD in the fourth quarter worth $98,000. Squarepoint Ops LLC purchased a new position in shares of DRDGOLD during the 4th quarter valued at $110,000. Finally, Virtu Financial LLC purchased a new position in shares of DRDGOLD during the 3rd quarter valued at $119,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

About DRDGOLD

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.